All posts tagged people moves

Credit Suisse AG has made two new appointments in its Greater China team months after a global reshuffling of its management team.

In a statement Friday, the Swiss bank said it promoted Neil Harvey as chief executive officer, Hong Kong. Mr. Harvey, who has been with Credit Suisse for 13 years, was most recently head of Asia Pacific and global emerging markets for the asset management unit. He was also previously head of the investment-banking division and fixed-income for Asia excluding-Japan at the bank.

UBS AG’s former Asian debt capital markets and leveraged finance head Guy Wylie has joined Royal Bank of Scotland PLC in Hong Kong, according to a statement Wednesday.

Mr. Wylie, who left UBS last year, joins the U.K. bank in a new role as head of primary markets for Asia Pacific. The role combines the roles of originating deals for financial institutions, and arranging and syndicating debt.

Citigroup Inc. has appointed Jamie Lloyd Evans as its head of financial institutions for Singapore, a new role, according to a memo seen by The Wall Street Journal.

Mr. Lloyd Evans will relocate to Singapore from Hong Kong, where he is currently part of the regional financial institutions group in the investment banking division. He focuses on working with financial institutions on the
impact of Basel III regulations, according to the memo.

Goldman Sachs Asset Management has named Sheila Patel the new head of its operations in Asia excluding Japan, according to a memo seen by The Wall Street Journal Wednesday.

Ms. Patel, currently co-chief executive of Goldman Sachs Asset Management for Europe, Middle East and Africa, will continue to be responsible for client-facing, distribution-focused operations for the firm in the region, and will be based in Singapore, according to the memo.

Standard Chartered PLC appointed Cristian Jonsson as its new global head of loan syndications, according to a statement Tuesday.

Mr. Jonsson, who will be based in Singapore, will replace Philip Cracknell, who retires from the bank in March 2013 after over 20 years. Mr. Jonsson joined Standard Chartered in 2009 and will assume his new role Jan. 1.

The move also underscores the growing importance of Southeast Asia to banks as Mr. Jonsson is currently regional head of capital markets for Southeast Asia as well as global head of bond syndicate.

As global investment banks scale back in Asia, a handful of smaller players are selectively expanding.

Oppenheimer Holdings, one of the top underwriters of Chinese IPOs in the U.S., says it expanded its Hong Kong fixed-income and equity trading staff in recent weeks. The middle-market investment bank declined to say how many people it added. In August, the bank also named a chief executive, Robin Green, for its Oppenheimer Investments Asia division, to lead the firm’s expansion across the region.

Credit Suisse AG has appointed Helman Sitohang in a new role as head of investment bank for the Asia Pacific region, according to a memo seen by The Wall Street Journal Tuesday.

Mr. Sitohang’s appointment comes after the Swiss bank announced on Tuesday a restructuring plan which sees the merger of its private bank and wealth management businesses into a new unit. Mr. Sitohang assumes the role on top of his current role as chief executive for Southeast Asia and co-head of the bank’s Emerging Markets Council.

According to a statement, the bank will create a new Private Banking & Wealth Management unit, headed by Hans-Ulrich Meister in Switzerland, EMEA and Asia Pacific, Robert Shafir will head the division in the America.

Eric Varvel and Gael de Boissard will head the investment bank, with Mr. Varvel heading equities and investment-banking in Asia Pacific as well. As part of the restructuring, current Asia Pacific chief executive Osama Abbasi’s role will “no longer exist,” according to the announcement.

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Dealpolitik is Ronald Barusch's strategic look at deals currently making the headlines as well as the major forces at work in the deal-making world. He was a M&A lawyer with Skadden, Arps, Slate, Meagher & Flom for over 30 years. He retired in 2010 after 25 years as a partner at the firm. Click here for his current and archived columns.

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